When is this shit going to end? I know I will listen to Mac next yr and sell in November.
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Slurry .. My only disagreement with your consensus, as I am banking/backing a number of stocks who I believe are being thrown out with the bath water. If you're interest rate or supply chain sensitive bad otherwise I'm adding to my Lithium plays as I don't understand any correlation other than a need to liquidate for other reasons.
Albeit, I am getting a bit overweight. LTHM, LIT, and LAC will bury me much like if Gold went to 1K for you. I'm continuing to add to Lithium, other basic materials, battery and energy storage (Anyone like FLNC?). Think solar is getting wacked by China possibly circumventing tariff's and difficulty for US to import and build out Solar.
BOL, and thanks for your continued input.Last edited by Madison; 05-09-22, 11:08 AM.Comment -
I have been a skeptic since 6/21. I do trade in and out so?? (That's my cross to bear). I can't imagine where I'd be now if I had held many very overweight/ATH positions? I certainly watched in anguish as NVDA (Very long list of other) kept going higher and higher.
I went over my 4 qtr buys/sells and boy I could be toast right now if I would have held many positions.
FWIW, I am very carefully selectively starting to redeploy some of my cash.Comment -
Anyone want to chirp in on SE. Boy, I escaped this one as circa 3 months ago I bought around 96? and sold on the bounce to 120? Currently at circa 66? This one has been touted here for 18 mo's or so.Comment -
There are a lot of solid stocks getting thrown out. RSG (trash), what, that will diminish?? I've been with RSG & WM for 2 years.Comment -
Neckline support on the Nasdaq and S&P 500 head and shoulders patterns broke today. Unless this is a bear trap, we're probably heading significantly lower.Comment -
i'm still waiting for a big downdraft at the open for a short-term 5% bounce day
could be tomorrow, who knows... but there is certainly no reason to buy common stocks at this level right now if you can get decent bonds paying 8-10%
i wouldn't be surprised if mannarino is right and the dow goes to 10k over the next year or two... this economy is going to turn really bad imho... downturn in asset values hurts the real economy, think back to 2008-09 market crash and what that did to housing and the overall economy... only thing that saved it for the next decade after that was fed buying everything and 0% interest rates, neither of which will exist againComment -
Was a pretty big downdraft at the open today, didn't happen. Of course there will be a bounce some day. Always bounces in bear markets. Only question is when the bear ends in terms of date and level. Seems unlikely that the end is here.
Might be right on market and Fed. 2020 Fed came "to the rescue" in an almost ludicrous fashion. Probably made the 08-09 rescue look like child's play. Only difference was this one was so overdone and crazed that it caused runaway inflation, which didn't happen in 08-09. True rock and hard place now. Then again, underling earnings don't seem that bad, but valuations still too high without the crazy low rates.Comment -
For some of you looking for an low spot, I think its going to 394 before a rip back up. Today all the stuff I watch broke all the support levels but the market didn't fall apart with a heavy volume. That tells me that the market is looking for a near term low to hang its hat on. We are at the spot where accelerated selling can happen and if it does you'll recognize it pretty quick because the market will dump probably 2000 points that day. If the market in the near term stops going down and we have a rip your face off rally, I'll be looking to sell that rip. Remember no capitulation and the market isn't done going down just yet.Comment -
<blockquote class="twitter-tweet"><p lang="und" dir="ltr"><a href="https://t.co/jdNzzhrAqr">pic.twitter.com/jdNzzhrAqr</a></p>— drefanzor (@drefanzor) <a href="https://twitter.com/drefanzor/status/1523859002672566272?ref_src=twsrc%5Etfw" >May 10, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Comment -
A little bit of a wounded cat bounce so far today. 1st number for the rescue operation is the nice fat number $400 on SPY. We'll start with that and see how it goes before trying to look for any other number up north. If this turns into a "Turn Around Tuesday", I may start going into the close, a chance to buy some short term PUTS in the SPY and QQQs with small baby amounts that will grow as the rally continues if it does with about a month to 2 til expiration. Down south I see $394 as my spot for maybe a temporary bottom.
Long term I see the real estate slowing and the rest of the economy will have a recession so I don't think the down side risk is anywhere near over and more than likely pretty far away. To the tune of like the mid to lower 200s on the SPY, and 190 on the QQQs before the real bottom comes in. That will probably take a year or maybe even more to get to but that's where I see it going.Comment -
sorry for the goofy spacing on those
if you're a little more adventurous, these go for around 63 cents on the dollar... i liked them a lot more when they were sitting on $1.2 billion in cash, but those nitwit pricks used most of that to buy back stock when it was high
BED BATH & BEYOND CUSIP: 075896AB6 4.915% 08/01/2034 Comment -
and for anyone that is investing 10k or less per year per family member, go to treasurydirect.com and buy i bonds... right now they are paying 9.62% for us treasuries, they pay that for 6 months and then the rate changes based on inflation, but it will be pretty good for a whileComment -
That's good stuff right there.
Today the SPY market did a head fake rally in the morning then went down to just under $395 which is short of my predicted $394. I consider this incomplete so I think they will be back at some point to hit that target spot. Maybe tomorrow. The thing about this down turn is that its all been done on not more than usual volume. d2bets is correct, and I think milwaukee mike also pointed out that we need a sizable down morning followed by an intraday rip you a new one rally with mega volume. Without that I just don't see the bottom yet. If we have a rip before that, I'll be selling into the rally.Comment -
Getting a bump this morning as we wait on the inflation numbers. I can't help but think that it is all set up for a goosing operation. Anything under 8.1% annualized interest will be met with a sentiment of positivity. Which is crazy to think, but that is where we are at. If it comes in above 8.5, then this may be the day where people are jumping out the window.Comment -
luna (crypto) shows just how quickly stuff can crash... went from 80 to 1 in a few days
i think the russia flash crash and suspension of trading foreshadowed the us market crash... why can't i trade my rsx? totally part of post-2020 america where nobody really has any freedoms and we all start to realize that... just in the past 2 years we lost freedom of movement, freedom to open your business/church, freedom from medical interventions, freedom of speech, freedom to buy/sellComment -
that certainly felt like capitulation in a lot of crypto/former high fliers this morning
if i had to guess i would say we're ok for the next week or so... that seemed like it washed out the people it needed to wash out
not out of the woods since the economy is gonna suck but i think a lot of the forced selling got sucked out, stuff like cvna got down to 33 now 38, etc down to 20 now 22.70
when you see those quick 10-20% snapbacks, it's not the sign of a good market but i think it's the sign that we can have a few relatively OK days after thatComment -
I've been pounding the table on these before you returned (Nov/Dec 21). Wish we could get more than 10K per SSN per household. Apparently you can get another 5K via tax refund, where Ive read some folks are overpaying their tax to be eligible. I bought DEC and JAN at 7.12%. Both will adjust to 9.6 after 6 months. You do need to hold for a year and a small penalty before 5 years.
As I've stated in prior posts this appears to be a "no-brainer". Caveat you need the liquid $$ to buy.Comment -
Wow, look at coinbase and beyond meat..המוסד
המוסד למודיעין ולתפקידים מיוחדים
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Picked up some Spy puts when the market tried to rally. Will sell into the close. Right now, anytime this market rallies, I'm buying puts for at least the summer months. There isn't any reason for stocks to rally right now.Comment -
Looks like we are looking at beyond beyond meat here pretty soon. No one wants a veggie burger that taste like a burger, we want the real thing.
You'd think the inflationary spiral would help them with the cost of meat, but I guess they have other issues to deal with as well.Comment -
you look at the ingredients, scratch your head at the fat content its almost equivalent to a real burger.
LMFAO...and tastes like shit. So you want me to buy something that tastes bad AND has the same fat? And pay more than meat? Great product.
Murdered in GRWG, RSI, and GMBL all pot and gambling stocks, shouldve know better.
And AMZ hard 2 believe got it almost 2 years ago at 3510 and one of the the biggest companies in the world is down 1500/share in 2 fcuking years.
And averaged at 48k for over 1.2 BTC from payouts, left everything in there, shoulve bailed at 60k.
Probably headed to under 10k before going back up.Last edited by DISTROYA; 05-11-22, 12:35 PM.Comment -
This is what happens when liberals take overComment
